Bravo Company has announced a quarterly dividend of $$1$ per share, which met the stock market's expectation. The tax rate is $0.$ Which of the following changes in the stock price would you expect to observe?

Declaration date Payment date Date of record Ex$-$dividend date

A$.$ up no change no change down $$1$

B$.$ no change no change no change down $$1$

C$.$ up down $$1$ no change no change

D$.$ down no change down $$1$ down $$1$

E$.$ down up $$1$ up $$0\mathrm{.}10$ no change

D

C

E

A

B